What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Nikkei soars in Asia
On Thursday, Asian equities demonstrated mixed performance, with market participants digesting the regional effect of the Trump administration's tax initiative.
The Nikkei 225 tacked on 0.34%, Australia's S&P/ASX managed to earn 0.10%, while the Shanghai Composite edged down 0.09%. Besides this, the Hang Seng index relieved 0.33%.
On Thursday, Chinese insurer ZhongAn Online debuted on the Hong Kong Stock Exchange. It rallied to HKD68.15, soaring 14.2%. The company’s underpinned by well-known names such as Ping An Insurance Group\'s Ma Mingzhe, Alibaba Group Holding\'s Jack Ma and Tencent Holdings\' Pony Ma.
Overnight, the Dow Jones industrial average concluded steeply higher, driven by a jump in financials amid soaring hopes that the Fed will lift rates for third time later in 2017.
As for the Dow Jones Industrial Average, it closed higher showing 22,344.48. Additionally, the S&P 500 concluded 0.41% higher and the Nasdaq Composite hit 6453.26, gaining 1.15%.
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Latest news
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
